Senior Accountant, Investments & Gifts

About the role

The Experienced Senior Accountant/Analyst performs significant reporting and analysis processes including related internal controls and monthly, quarterly, and annual closing procedures, and highly technical and complex accounting/reporting research. This Experienced Senior Accountant/Analyst reports to the Senior Associate Director in Gifts Accounting and Administration.

Responsibilities

• Collaborating with Senior Associate Director managing the monthly/quarterly/annual reporting of the University $1billion contribution receivable process.
• Ensure all financial pledges are recorded both on the Compass gift system and on BEN financials.
• Review and reporting of all non-financial pledge intentions are appropriately recorded on the Compass gift system.
• Prepare monthly bad debt allowance and record reserves appropriately.
• Monitor discounts accretions run monthly and analyze accretions for correctness.
• Provide monthly schedules of pledges, discounts, and specific reserves to the Financial Reporting and Accounting Operations group.
• Provide analysis of variances and key new gifts for reporting for senior University leadership.
• Provide monthly roll-forward analysis of pledge receivables, intentions and new contributions.
• Provide support on all new gifts and payments over $5 million threshold to financial reporting.
• Review all new contribution activity over $1m to ensure proper recording on assets/revenue reporting.
• Provide monthly reporting of new contributions, and pledge reviewable activity to UPHS, both consolidated reporting and to each of the 7 hospitals.
• Complete reconciliation of receipts and review monthly interfund transfers to ensure correct transfer of cash receipts to UPHS.
• Collaborate with schools and centers to ensure gifts recorded to suspense funds are moved promptly to ultimate purposes.
• Help with the preparation of annual contributions of revenue footnotes, including contributions receivable and liquidity footnotes.
• Aid with the preparation of annual analysis of allowance for uncollectible receivables for monthly reserves.
• Aid with the preparation of quarterly meetings for pledges at risk, both financial and non-financial pledges.
• Aid with the daily/monthly cash & credit card reconciliations to ensure three-way reconciliation between the bank, Compass and BEN financials is completed accurately, and any discrepancies are promptly resolved.

Qualifications

• Bachelor’s Degree with 3-5 years of related experience or equivalent combination of education and experience is required.
• Previous experience managing financial records.
• Attention to detail/accuracy.
• Strong business acumen and financial management skills.
• Knowledge of Penn’s financial systems is a plus.
• CPA preferred.
• Previous finance/accounting, reporting, and analysis experience required.
• Advance technical skills required (spreadsheet proficiency).
• Excellent interpersonal and communications skills are essential, including professional email writing skills and the ability to enforce policies and guidelines diplomatically but assertively, including those at higher levels.